Smart Badge Market Opportunities and Forecast Assessment, 2020–2027by Ashish Kumar Consultants
This detailed market study covers smart badge market growth opportunities and competitive scenarios, which can assist the stakeholders in understanding market trends and prospects in the smart badge market. The market report focuses on data from a combination of primary and secondary sources and analyses the information using numerous tools. The research report also offers a detailed analysis of each segment in the smart badge market and evaluates the impact of the COVID-19 outbreak on the industry.
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Smart Badge Market Competitive Rivalry
The smart badge market report includes an analysis of the competitive landscape present in the industry. It consists of an assessment of the existing and ongoing trends that players can invest in. The notable players in the smart badge market are AIOI-SYSTEMS CO., LTD, Watchdata Technologies Ltd, Brady Worldwide, Inc, IDEMIA Group, Thales Group, ASSA ABLOY Ltd,Evolis Inc, Identiv Inc, Identita Technologies Ltd, and Global Net Solutions Inc., among others.
Smart Badge Market Drivers
The significant factors boosting the growth of the smart badge market include the accelerating demand for wearable access control devices for security management, its remarkable benefits such as flexibility and multifunctionality, and the rising adoption of smart badges with contactless interfaces. Individuals across the world are adopting smart badges and are more inclined toward contactless smart badges as they achieve higher security level credentials and overall access control systems. Contactless smart badges technology is optimized to increase the security level in devices by using encryption, cryptography, and internal computing power of smart chip. They carry secure IT applications, including digital signature, encryption, and log-on to network.
The capability to add other applications to the card is one of the exceptional benefits of contactless smart badges over proximity technology. Thus, the growing number of incidents such as breach of smart badges and information systems security is progressively rising the adoption of contactless smart badges, which is one of the major factors responsible for the expansion of the smart bade market size. On the other hand, the high cost incurred in acquiring and deploying smart badges is likely to restrain the growth of the market globally.
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Smart Badge Market Segmentation
The chapter of segmentation provides the readers with an overview of the smart badgemarket, such as its products, applications, and other relevant factors of the industry. Understanding the market segments helps in identifying the importance of different factors that surges market growth over the forecast period (2020-2027).
Segment by Communication:
- Contact Badges
- Contactless Badges
Segment by Type:
- Smart Badges with Display
- Smart Badges without Display
Segment by Application:
- Government and Healthcare
- Event and Entertainment
- Retail and Hospitality
Segment by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
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Created on Jul 6th 2020 07:08. Viewed 231 times.